Industrial Polishing Machine Market Size, Share, and COVID-19 Impact Analysis, By Product Type (Manual, Semi-Automatic, and Automatic), By Surface Type (Metal, Concrete, Glass, and Others), By End User (Construction, Industrial Manufacturing, Automotive, Aerospace, and Defence, and Others) and Regional Forecast, 2024-2032

Industrial Polishing Machine is an industrial equipment that is used for polishing and buffing different types of surfaces in several end-use industries. The machines are specifically used to remove scratches on different types of surfaces to smoothen the material surface. The machines have a wide range of applications in several end-use industries, such as automotive, metalworking, and aerospace.

The polishing machines provide a reliable and efficient way to remove imperfections, scratches, and other surface blemishes, resulting in smooth and shiny surfaces. Due to the rising emphasis on achieving high-quality finished products, demand for these machines is expected to gain significant market over the forecast period. Also, polishing machines offer a consistent polishing process with enhanced coverage area and improved productivity. Increased versatility and technological advancements in polishing machines are further expected to drive the market over the forecast period.

Rising quality standards of products and increasing demand for customized and aesthetically appealing products further create opportunities for products with smooth surface areas, ultimately boosting the growth of industrial polishing machines. Manufacturing companies are focused on introducing machines with multi-purpose functionality for the polishing process. For instance,

• In July 2022, Dharmraj Technologies launched a diamond polishing machine with AI-enabled technology and software that can perform processes including diamond blocking and semi-polishing with consistency and accuracy.

Impact of COVID-19 on the Industrial Polishing Machine Market

The COVID-19 epidemic has severely impacted the manufacturing industry, including the automotive and aerospace sectors. Due to decreased industrial activities and reduced capital investments that have limited the market growth for these machines, the market for polishing machines has declined for the past few years. Some industries shifted their production focus to essential goods or medical equipment in response to the pandemic. This also might have had a negative impact on the demand for industrial polishing equipment.

As the economies recover from the impact of the pandemic and the lockdown restrictions are being removed across countries, manufacturing operations are expected to regain momentum. The expansion of several production facilities is further expected to impact the installation and utilization of polishing machines.

Key Insights

The report will cover the following key insights:

• Micro Macro Economic Indicators.


• Drivers, Restraints, Trends, and Opportunities.


• Business Strategies Adopted by the Players.


• Impact of COVID-19 on the Industrial Polishing Machine Market.


• Consolidated SWOT Analysis of Key Players.

Analysis by End User

The end user classifies the Industrial Polishing Machine market into Construction, Industrial Manufacturing, Automotive, Aerospace and Defence, and Others. However, several industries extensively utilize polishing machines for various applications. Due to rising demand for smooth surfaced, and aesthetically appealing products, industrial manufacturing end-users are expected to dominate the market demand for polishing machines.

The automotive sector is projected to be one of the significant contributors to the industrial polishing equipment market. Polishing machines play a crucial role in achieving high-quality surface finishes in the automotive manufacturing process. Moreover, the rising demand for electric vehicles across several countries to further creates demand for these machines owing to their rising application in body finishing, vehicle body parts, and component polishing.

Regional Analysis

The global Industrial Polishing Machine market is divided into five regions: North America, Europe, Asia Pacific, Middle East & Africa, and South America. Asia-Pacific to lead the market demand for Industrial Polishing Machines.

Asia-Pacific is experiencing growth opportunities for polishing equipment for industrial applications as a result of strong manufacturing activities and rising demand for superior-standard products. The Asia Pacific region is growing rapidly in the automotive and electronics sectors. These sectors demand high-quality finishes for automotive components, electronic devices, and appliances. Industrial polishing machines play a crucial role in meeting the surface finishing requirements of these industries. Supportive governmental policies are attracting huge investments in the region, promoting the adoption of advanced machinery such as automatic polishing machines.

The demand for Industrial Polishing Machines in North America is driven by the increasing demand from the automotive, aerospace, and electronics sectors, as these sectors demand superior surface-finished products such as plastic and metal parts. Manufacturing companies also focus on technological advancements to promote faster production processes and reduce operational costs.

The distribution of the Industrial Polishing Machine market by region of origin is as follows:

• North America – 30%


• South America – 4%


• Europe – 29%


• The Middle East and Africa – 3%


• Asia Pacific –33%

Key Players Covered

A few of the key players in the market include Struers, Lapmaster Wolters, Buehler, Satisloh AG, Kemet International, HTC Floor Systems, KLINDEX srl, HAMAI, Aceti Macchine s.n.c., and among others.

Segmentation

Key Industry Developments

• March 2022: Weshining introduced a titanium/cobalt chrome automatic polishing system for medical applications in Guangzhou, China. The system is estimated to reduce overall operational costs and increase efficiency.


• May 2021: Satisloh AG has launched new polishing machines, Multi-Flex-1 and Multi-Flex-2E, which are fully automated Rx-lens polishing machines used in producing high-quality lens.